Blue Dart

Blue Dart on Friday said it has set up 25 retail outlets in Tier-I and Tier-II towns as part of its expansion roadmap. Besides these 25 retails outlets, the company plans to establish 100 similar facilities. These stores have opened in Uttarakhand, Haryana, Uttar Pradesh, Rajasthan, Punjab, West Bengal, Odisha, Telangana, Andhra Pradesh, Kerala, Karnataka, Maharashtra, Goa, and Gujarat, Blue Dart said in a statement. The company said it now serves over 55,400 locations. "Blue Dart's store expansion will increase accessibility for our customers and expand our network. To strengthen last-mile logistics to the farthest reaches of the country, we will continue to locate in new areas and broaden our reach," said Ketan Kulkarni, Chief Commercial Officer at Blue Dart.

Blue Dart said high inflation, rising interest rate, and high input costs have all taken a toll on the margins of the business

Margin levels could see an improvement on higher volumes, price hike

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The company plans to add Boeing 737 aircraft to its fleet in order to access to multiple smaller Indian airports

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The Reserve Bank on Wednesday removed Indian Overseas Bank (IOB) from the Prompt Corrective Action Framework

The Ministry of Civil Aviation (MoCA) has granted the project with necessary exemptions and rights to fly drone flights on an experimental basis in Telangana

Record Q3 performance helps sustain stock price which is up 146 per cent over the last six months

Blue Dart Express surged 6 per cent and hit a fresh 52-week high of Rs 4,457, while Gati soared 7 per cent to Rs 96, and was trading close to its 52-week high of Rs 107 on the BSE

Vaccine storage and transportation being a niche segment will not benefit all logistics and transportation companies, analysts say

Blue Dart said it will offer a complete supply chain solution for the life sciences and clinical trials sector and reefer vehicles (cold chain) services

The upward revision in prices is part of the annual exercise undertaken to adjust inflation, fluctuation in currency and fuel price, among others

Continued automation and improvement in technological and service capabilities to help sail through the current crisis, but high valuation a hurdle

Given the sharply lower operating performance, the company reported a loss (after adjustments) of Rs 8 crore as compared to analyst estimates which had pegged the profit number at Rs 30 crore

The courier industry in India is made up of varied players starting from large multinational firms such as DHL, United Parcel Service (UPS) and FedEx India to domestic firms comprising Blue Dart, DTDC

Investors advised to wait for traction in revenues and margins before considering stock

Mumbai, 25 SeptemberAmid the economic slowdown where most sectors are not expecting strong growth this festive season, the express industry (a term for those offering integrated shipment delivery services) has a slightly different story to tell.Demand is not as high as last year but the those in the sector expect reasonable growth this season. "While we remain cautious and are still assessing the impact of slowdown, it will not be a downturn but lower growth than last year," said Abhishek Chakraborty, executive director at DTDC. "If average demand growth rate was 40-45 per cent last year, it would be 15-20 per cent this year. I will be positively surprised if it goes beyond 20 per cent demand growth."Chakraborty said the mood in middle and lower income groups was pensive, since job security in several sectors is low. "But, it does not take away the fact that people will spend during this season, as it is also more to do about the culture and religious aspect."Sector entities believe ..

The company indicated that it will take close to two years for capital investments as well as expansion to contribute to the top line and earnings, materially

The company is witnessing a spurt in demand from the lower tier towns and cities for which it is undertaking the expansion exercise